Xencor (XNCR) Tax Rate (2016 - 2026)
Xencor (XNCR) posted quarterly Tax Rate of 0.23% for Q1 2026, up 60.0% year-over-year from 0.15% in Q1 2025, and up 99.58% quarter-over-quarter from 55.95% in Q4 2025.
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Xencor (XNCR) Tax Rate (2016 - 2026) Analysis & Trends
Xencor (XNCR) has reported Tax Rate for 8 consecutive years, with 0.23% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 60.0% year-over-year to 0.23%; the TTM figure through Mar 2026 stood at 1.43% (down 47.0% YoY), while the FY2025 annual figure was 2.79%, down 211.0% from the prior year.
- Tax Rate grew to 0.23% in Q1 2026 per XNCR's latest filing, from 55.95% in the prior quarter.
- Across five years, Tax Rate topped out at 3.33% in Q4 2022 and bottomed at 108.02% in Q4 2023.
- Historically, Tax Rate has averaged 20.99% across 5 years, with a median of 2.13% in 2022.
- Annual changes were most pronounced in 2023 — Tax Rate slumped 11135 bps — and 2024, when it surged 10439 bps.
- Xencor's Tax Rate stood at 3.33% in 2022, then sank by 3342 bps to 108.02% in 2023, then soared by 97 bps to 3.63% in 2024, then sank by 1443 bps to 55.95% in 2025, then soared by 100 bps to 0.23% in 2026.
- Business Quant data shows XNCR's Tax Rate at 0.23% in Q1 2026, 55.95% in Q4 2025, and 0.8% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -10.89% |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | -1.96% |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | - |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 24.15% |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 7.49% |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | - |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | -16.71% |
| 10 | Xencor | 2.02 Bn | 1.65 Bn | - | 0.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.91% |
| Mar 31, 2026 | -0.23% |
| Dec 31, 2025 | -55.95% |
| Jun 30, 2025 | 0.97% |
| Mar 31, 2025 | -0.83% |
| Dec 31, 2024 | -3.63% |
| Dec 31, 2023 | -108.02% |
| Dec 31, 2022 | 3.21% |
| Sep 30, 2022 | -3.47% |
| Dec 31, 2019 | -18.78% |
| Sep 30, 2019 | 3.31% |
| Jun 30, 2019 | -0.31% |
| Mar 31, 2019 | 1.11% |
| Dec 31, 2017 | -220.76% |
| Sep 30, 2017 | -0.77% |
| Jun 30, 2017 | -3.76% |
| Mar 31, 2017 | -1.11% |
| Dec 31, 2016 | -1.30% |
| Sep 30, 2016 | 6.89% |
| Jun 30, 2016 | 3.58% |